Vikram Solar IPO
Renewables/Solar - Listed on 26 August 2025
Vikram Solar IPO listing summary
Vikram Solar (Renewables/Solar) closed its IPO window in 2025 and listed on NSE and BSE on 26 August 2025 at an upper band issue price of Rs 332, opening at Rs 338 for a listing gain of +1.8% and closing day one at Rs 356.4 (+7.3% on closing basis). The IPO was subscribed 54.63x overall - QIB 142.79x, HNI/NII 50.90x, Retail 7.65x. The total issue size was Rs 2,079.37 Cr (Fresh Issue Rs 1500 Cr, OFS Rs 579.37 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Vikram Solar IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 58 | +17.47% |
| Day 2 | Rs 58 | +17.47% |
| Day 3 | Rs 57 | +17.17% |
| Day 4 | Rs 45 | +13.55% |
| Day 5 | Rs 45 | +13.55% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Vikram Solar IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Vikram Solar IPO - FAQs
What was the listing gain of Vikram Solar IPO?
Vikram Solar IPO listed at +1.8% versus the upper issue price of Rs 332 on 26 August 2025.
How many times was Vikram Solar IPO subscribed?
Vikram Solar IPO was subscribed 54.63x overall. QIB portion was subscribed 142.79x, HNI / NII 50.90x and Retail 7.65x.
What was the IPO GMP for Vikram Solar?
IPO GMP started at Rs 58 on Day 1 and moved to Rs 45 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.